Flexjet to stay private as Horizon deal cancelled

Cleveland-based Flexjet has pulled out of a deal with Horizon Acquisition Corporati0n II that would have seen it become publicly listed. The subscription-based private aviation provider will remain a private company after it said it “agreed to terminate its previously announced business combination agreement with Horizon Acquisition Corporation II”. Chairman Kenn Ricci said the u-turn, which scraps the $3.1bn IPO announced by the two companies in October 2022, “is in the best interests of our aircraft owners, employees, and other stakeholders.” The announcement  “We have enjoyed and will continue our long partnership with Flexjet’s management team and respect their decision.